Housing: Construction

(asked on 18th January 2023) - View Source

Question to the Ministry of Housing, Communities and Local Government:

To ask the Secretary of State for Levelling Up, Housing and Communities, if he will take steps to extend the Help to Build: Equity Loan to up to 40% of estimated land and building costs to South East England.


Answered by
Lucy Frazer Portrait
Lucy Frazer
This question was answered on 26th January 2023

The Help to Build scheme provides access to low deposit mortgages and improves affordability of home ownership for people who want to build their own homes. Modelled, in part, on the original Help to Buy scheme, customers can borrow an equity loan of between 5% and 20% (up to 40% in London) of the estimated costs to buy the land (if needed) and build their home. Currently there are no plans to alter the percentage of equity loan available in the scheme.

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